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❕NEWS Nigeria move to regulate Crypto currencies and other digital payment.

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News update available from primetime news Nigeria as stated that the data collated by chainnalysis on 2020 global Crypto currencies adoption index, Nigerla is ranked to be competing with countries like US, Ukraine, Kenya, China and Russia where Crypto currencies adoption us very significant.

This has prompted the Security exchange commission to Nigeria to encourage the Crypto currency market on ethical and efficient trading acitivites.
The commission is to regulate all innovations, hinged on safety market deepening and provides solutions to problems.

This is signal that Nigeria is on the track to legalise Crypto currencies fully soon.
 

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Soon, lots of countries will do the same and that's because block chain technology and cryptocurrencies are growing super fast lately. This is the future and many countries will recognize that
 

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News update available from primetime news Nigeria as stated that the data collated by chainnalysis on 2020 global Crypto currencies adoption index, Nigerla is ranked to be competing with countries like US, Ukraine, Kenya, China and Russia where Crypto currencies adoption us very significant.

This has prompted the Security exchange commission to Nigeria to encourage the Crypto currency market on ethical and efficient trading acitivites.
The commission is to regulate all innovations, hinged on safety market deepening and provides solutions to problems.

This is signal that Nigeria is on the track to legalise Crypto currencies fully soon.
It is a very welcome development and has long over due. Pinkoin from Inks nation has its own user base block chain and with this announcement, they are on the way if becoming the first digital asset to be recognize by Sec. I look forward to the day, when we'll have digital naira in circulation. It will help reduce imbursement
 

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It is a very welcome development and has long over due. Pinkoin from Inks nation has its own user base block chain and with this announcement, they are on the way if becoming the first digital asset to be recognize by Sec. I look forward to the day, when we'll have digital naira in circulation. It will help reduce imbursement
That's great but the package of the pinkoin to it users base is kind good to be true. I also believe with this move by SEC likely banks will start trading crytpo currencies too.
 

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This is really a good development considering that Nigeria can't be named among the top tiers. Embracing crypto will surely affect the country's economy positively.
 

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This is a cheering news. Nigeria is among the few countries in Africa that believes in cryptocurrency and many transactions going on in it are crypto complied. I think the government will soon issue a white paper to officially legalize its adoption.
 

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That's great but the package of the pinkoin to it users base is kind good to be true. I also believe with this move by SEC likely banks will start trading crytpo currencies too.
Sure, ban will start trading cryptocurrencies but what we expect is to see a Nigeria where we have our own digital naira. This digital naira will help us fighting corruption which has eaten deep into the government system. The pinkoin package is possible. I am a living withness to its possibility.
 

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Sure, ban will start trading cryptocurrencies but what we expect is to see a Nigeria where we have our own digital naira. This digital naira will help us fighting corruption which has eaten deep into the government system. The pinkoin package is possible. I am a living withness to its possibility.
I am very optimistic that soonest the central bank will look into that, the challenge might the politicians who may not want such because of their dirty games.
 

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I am very optimistic that soonest the central bank will look into that, the challenge might the politicians who may not want such because of their dirty games.
They will have no choice than to comply. Since sec has classified crypto currency as security, the ball is now in the court of the CBN to map out policy that banks will have to follow.
 

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About pinkcoin... Pinkcoin has put a lot of desperate Nigerians finance on hold due to the problem of flexibility.
The pinkoin project is not something lots of people to rely on , if they are real ,they don't need to do any market they should send people their money through the bank in order to obey the Crypto protocol.
 

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Yeah this is really good because many are trading crypto currency in the country and would need the government support , i just hope they dont start putting huge policies that would affect those trading crypto
 

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Yeah this is really good because many are trading crypto currency in the country and would need the government support , i just hope they dont start putting huge policies that would affect those trading crypto
The government of Nigerla won't bring strict policies to discourage people except people commit more illegal activities with it but soonest they may impose tax.
 

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The government of Nigerla won't bring strict policies to discourage people except people commit more illegal activities with it but soonest they may impose tax.
Yeah am talking about the tax aspect ,because that is very important to consider , putting high taxes on buying and selling crypto would really discourge people
 

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Yeah am talking about the tax aspect ,because that is very important to consider , putting high taxes on buying and selling crypto would really discourge people
The tax won't be high and may first be levied on the various Exchange platforms since they can easily be identified in the sector than individual trader or Investor.
 

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The tax won't be high and may first be levied on the various Exchange platforms since they can easily be identified in the sector than individual trader or Investor.
Yeah i think even if they want to tax then it might be for only those exchange sites within the country and nothing more i think
 

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Yeah i think even if they want to tax then it might be for only those exchange sites within the country and nothing more i think
Definitely, the exchange platforms will now be the ones to tax their subscribers from their withdrawal to local currency, it is not bad if they provide enabling environment.
 

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Is a good development at least it will give room for more businesses to spring up and offer diversification in terms of revenue generation, even creation of more jobs.
 

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Is a good development at least it will give room for more businesses to spring up and offer diversification in terms of revenue generation, even creation of more jobs.
The government has not key into this but if they eventually do it will help both the government and citizens and they can encourage mining also.
 

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Definitely, the exchange platforms will now be the ones to tax their subscribers from their withdrawal to local currency, it is not bad if they provide enabling environment.
I guess that enabling environment my be the only problem in this whole scenario. There is nothing bad in these regulations in places where the system truly works.
 

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Is a good development at least it will give room for more businesses to spring up and offer diversification in terms of revenue generation, even creation of more jobs.
Yeah most especially that aspect of creating more jobs ,because those site owners would want to find people that can work with them , so there by creating jobs
 
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